Canadian Mining Journal Staff

SMELTING: First AP60 cell delivered to Rio Tinto Alcan

QUEBEC – Rio Tinto Alcan of Montreal says the first AP60 cell has arrived at the Arvida AP60 Technology Centre in Saguenay-Lac-Saint-Jean. The company believes the AP60 technology will become an aluminum industry benchmark due to its low...

Canadian Mining Journal Staff | February 14, 2012 | 4:59 pm

GOLD RESOURCES: Castillian calls Hope Brook “major” deposit

NEWFOUNDLAND – Castillian Resources of Toronto released its first 43-101 report for the former Hope Brook gold mine near Port aux Basques, calling it a “major gold deposit”. The indicated resource (both inside and below the...

Canadian Mining Journal Staff | February 14, 2012 | 4:58 pm

RECOGNITION: Petaquilla Gold largest exporter in Panama for second consecutive year

PANAMA – For the second consecutive year Petaquilla Gold, a subsidiary of Petaquilla Minerals of Vancouver, has received public recognition for being the largest exporter in Panama in 2011. The designation commemorated at an event in...

Canadian Mining Journal Staff | February 14, 2012 | 4:57 pm

PERSPECTIVE: Mining can help dig Ontario out of debt

Ontario's growing mineral industry can offer hope and opportunity to individuals and also assistance to government with its deficit problem. This was the message in a letter sent from Ontario Mining Association president Chris Hodgson to...

Canadian Mining Journal Staff | February 13, 2012 | 5:00 pm

FINANCING: Canada Lithium secures $75-M toward lithium project

QUEBEC – Canada Lithium of Toronto has secured a five-year debt facility worth C$75 million. The money will be used to advance the Quebec Lithium open pit mine and mill 60 km north of Val d’Or. The money will be supplied by the Bank...

Canadian Mining Journal Staff | February 13, 2012 | 4:59 pm

GOLD HOLDINGS: Barrick to sell Russian interest

TORONTO – Barrick Gold has announced plans to sell its 20.4% interest in the Russian producer, Highland Gold. Purchased 10 years ago, this is Barrick’s only exposure to the Russian mining industry. The largest Highland Gold...

Canadian Mining Journal Staff | February 13, 2012 | 4:58 pm

PHILANTHROPY: Vale donates $150,000 to make sports available to children

SUDBURY, Ontario – On Feb. 11, 2012, Vale Canada made a $150,000 local donation to support kids’ sports for the next three years. The gift goes to the Human League’s Positive Leisure Activities for Youth (PLAY) program.

Canadian Mining Journal Staff | February 13, 2012 | 4:57 pm

PERSPECTIVE: The Canaccord-China deal: When $1-B is a drop in the bucket

Canadian Prime Minister Stephen Harper's current trip to China is touted as an opportunity to create partnerships between the two countries. One positive outcome has just been revealed: Canaccord Financial of Toronto and a Chinese bank plan to...

Canadian Mining Journal Staff | February 9, 2012 | 5:00 pm

URANIUM: Canada, China sign supply agreement

OTTAWA - A further outcome to Canadian Prime Minister Stephen Harper's China jaunt is that the two countries have negotiated an agreement to facilitate increased export of Canadian uranium to China. The agreement is a protocol that supplements...

Canadian Mining Journal Staff | February 9, 2012 | 4:59 pm

IRON DEVELOPMENT: End-of-year target set for DSO production

LABRADOR - Calgary-based New Millennium Iron and its partner Tata Steel of India have set a target production date of Q4 2012 for the direct shipping ore (DSO) iron development near Schefferville. Major contracts have been awarded and equipment...

Canadian Mining Journal Staff | February 9, 2012 | 4:58 pm

YEAR-END: Teck reports record-breaking results

VANCOUVER - Teck Resources is coming off what may be its best year ever with unaudited year-end numbers breaking several records. Annual revenues in 2011 of $11.5 billion were up 25% from 2012. Gross profit, before depreciation and...

Canadian Mining Journal Staff | February 9, 2012 | 4:57 pm

MINERAL PROCESSING: New Endako moly mill reaches target throughput

BRITISH COLUMBIA - Denver-based Thompson Creek Metals reports that the new Endako molybdenum concentrator near the town of the same name reached its commercial production rate of 55,000 t/d on Feb. 1, 2012. That is a 77% increase over the old...

Canadian Mining Journal Staff | February 8, 2012 | 5:00 pm

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